Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 259

Jeff Aronin Receives Northern Illinois University’s 2019 Innovation and Entrepreneurship Award

Posted by fidest press agency su mercoledì, 15 maggio 2019

Paragon Biosciences, LLC Chairman and CEO Jeff Aronin was recently recognized by the Northern Illinois University (NIU) College of Business as the 2019 recipient of their Innovation and Entrepreneurship Award.Jeff Aronin, a graduate of NIU’s College of Business, was honored at their Annual Alumni Luncheon for his venture innovation at Paragon Biosciences. Mr. Aronin is increasing the pace of drug development for severe (and often rare) diseases through Paragon’s contribution of Innovation CapitalTM to its portfolio of bioscience companies.Balaji Rajagopalan, Ph.D., Dean of the NIU College of Business, presented the Innovation and Entrepreneurship Award to Jeff Aronin, commenting that Mr. Aronin has “an exemplary track record of building and transforming organizations through innovation.”Mr. Aronin has built Paragon to innovate, invest in, build, and advise bioscience companies. This venture model makes it commercially viable for Paragon Biosciences’ portfolio companies to develop potential medicines for diseases which do not yet have FDA-approved treatments. Over the last 18 months, Paragon Biosciences and its partners have invested and committed almost $500 million to help Paragon’s portfolio companies develop new medicines. Paragon Biosciences anticipates innovating, investing in, and launching additional portfolio companies this year and next.
Philanthropically, Mr. Aronin is also the founder of MATTER Chicago, a health care incubator whose network includes more than 220 health care startups and 70 partnerships with health systems, universities, life science companies, and insurance providers.
In December 2018, the NIU College of Business announced its own partnership with MATTER. This spring, NIU is providing students in the college’s Experiential Learning Center and Executive MBA class the opportunity to work with and consult with MATTER startups. Students and faculty now have direct access to the incubator’s extensive network, meeting space, events, and innovators.Mr. Aronin is also active in the Chicagoland area through his philanthropic support of innovations in health care, education, and community-development. The Aronin Family Foundation is a catalyst for cutting edge approaches to learning, healthcare entrepreneurship, and neighborhood revitalization.Mr. Aronin graduated from the NIU College of Business in 1989. Previously, he was recognized by NIU’s College of Business for receiving a 2016 Medallion for Entrepreneurship from the Beta Gamma Sigma International Business Honor Society.

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